Monthly Archives: March 2017

Qld economy should be resilient to Cyclone Debbie

While we are still to learn the full extent of the damage and economic disruption of Cyclone Debbie, we should be reasonably confident that any adverse economic impact, such as through lost crops, tourism, or disruption to coal mining and … Continue reading

Posted in Cyclones, Macroeconomy, North Queensland, Uncategorized | Tagged , , , , , , , , , , , | 4 Comments

Selling QIC highly desirable and would avoid allegations of political interference regarding mega mine infrastructure

First, my thoughts and prayers are with the people of North Queensland as they wake up to the devastation from Cyclone Debbie. In his extraordinary eulogy for Marie Antoinette, the Anglo-Irish statesman Edmund Burke lamented that the French Queen had … Continue reading

Posted in North Queensland, Queensland Government, Uncategorized | Tagged , , , , , , , | Leave a comment

Qld’s lacklustre population and jobs growth have gone hand in hand over the current decade

Queensland’s population, now at around 4.9 million, increased 1.4% in the year to 30 September 2016, a growth rate slightly below the national growth rate of 1.5%, but significantly below Victoria’s stand-out growth rate of 2.1% (Chart 1 based on … Continue reading

Posted in Labour market, Population, Uncategorized | Tagged , , , , , , , , , , , , , | 1 Comment

Qld economy not generating enough jobs for uni, VET & school leavers

Market economists do not appear too concerned about the new ABS jobs figures released yesterday showing the national unemployment rate increased to 5.9% in February from 5.7% in January. There is a recognition that there is a lot of noise … Continue reading

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RBA making it up as it goes along

After a speech by Assistant RBA Governor Michele Bullock yesterday, there is speculation about the RBA pushing APRA to instruct banks to further restrain their lending to housing investors- strengthening the so-called macro-prudential regulation that has had only limited success … Continue reading

Posted in Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , | 6 Comments

Greater labour mobility a better way to assist PNG than budgetary support

Last Thursday, ABC News reported that Papua New Guinea has asked for a re-direction of Australia’s foreign aid program towards direct contributions to PNG’s health and education budgets. PNG, a country already struggling with high population growth and public health … Continue reading

Posted in Agriculture, Labour market, Tourism, Uncategorized | Tagged , , , , , , , , , | 2 Comments

Townsville getting $250M Super Stadium, but running out of water

One definition of economics is that it is the study of the allocation of scarce resources to competing uses. It says each additional dollar should go to the use which provides the greatest additional benefit. As such, it looks very … Continue reading

Posted in Townsville, Uncategorized, Water | Tagged , , , , , | 7 Comments